Market Runner: Could Express, Inc. Recover After Today’s Huge Decline?

Market Runner: Could Express, Inc. Recover After Today's Huge Decline?

The stock of Express, Inc. (NYSE:EXPR) is a huge mover today! About 545,534 shares traded hands. Express, Inc. (NYSE:EXPR) has declined 40.86% since March 11, 2016 and is downtrending. It has underperformed by 46.32% the S&P500.
The move comes after 6 months negative chart setup for the $928.42 million company. It was reported on Oct, 14 by Barchart.com. We have $11.38 PT which if reached, will make NYSE:EXPR worth $55.71 million less.

Express, Inc. (NYSE:EXPR) Ratings Coverage

Out of 18 analysts covering Express Inc. (NYSE:EXPR), 5 rate it a “Buy”, 2 “Sell”, while 11 “Hold”. This means 28% are positive. Express Inc. has been the topic of 27 analyst reports since August 5, 2015 according to StockzIntelligence Inc. On Thursday, August 25 the stock rating was downgraded by UBS to “Sell”. The stock of Express, Inc. (NYSE:EXPR) earned “Mkt Perform” rating by FBR Capital on Thursday, August 25. SunTrust maintained it with “Neutral” rating and $21 target price in Thursday, August 27 report. The stock of Express, Inc. (NYSE:EXPR) earned “Buy” rating by Mizuho on Wednesday, August 24. The stock has “Outperform” rating given by Wolfe Research on Tuesday, August 18. The firm earned “Market Outperform” rating on Wednesday, March 23 by BlueFin Research. The company was initiated on Thursday, September 17 by M Partners. BMO Capital Markets maintained it with “Market Perform” rating and $13 target price in Thursday, August 25 report. Wolfe Research maintained the stock with “Peer Perform” rating in Thursday, August 25 report. Wedbush downgraded Express, Inc. (NYSE:EXPR) on Wednesday, August 24 to “Neutral” rating.

According to Zacks Investment Research, “Express, Inc. is a specialty retailer of women’s and men’s apparel in the United States. The Company operates retail outlets in high-traffic shopping malls, lifestyle centers and street locations across the United States. It also sells its products through its e-commerce website, express.com. Express targets women and men between 20 and 30 years of age. The Company offers its customers an edited assortment of apparel and accessories to address fashion needs across multiple aspects of their lifestyles, including work, casual and going-out occasions. Express, Inc. is headquartered in Columbus, Ohio.”

EXPR Company Profile

Express, Inc., incorporated on June 10, 2008, is a specialty apparel and accessories retailer offering both women’s and men’s merchandise, targeting the 20 to 30 year old customer. The Firm offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles, including work, casual, jeans wear and going-out occasions. The Firm operates through a segment, which include the operation of its brick-and-mortar retail and outlet stores, e-commerce activities and franchise operations. The Firm sells its products through its e-commerce Website, www.express.com, and has franchise agreements with franchisees that operate Express locations in Latin America, the Middle East and South Africa.

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